Mickey Fulp’s Monthly Major Market Review for April, 2020

from Financial Survival Network

The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, oil and gas, and water in North and South America, Europe, and Asia.

Stock markets recovered much of their March losses Dow up 11 to TSX.V up 21 percent. VIX or the fear index calmed down to 34.5. Currencies fairly flat for the month. 10 Year yield declined to .64. Bitcoin down up 38%. Gold fluctuated but closed 7% to 1687. Silver up 7.3% to 14.94. PT down 6%. PD down 16.5% for the month. Copper recovered 6.3% to 2.35. WTI declined another 8%. Brent 11%. Natgas up 18.9% to 1.95 per mm. Uranium up 25%. Ratios: Au/Ag 112.9 – Pt/Au .45 -Pt/Pd .40 -WT/HH 9.7 and AU/WTI 89.5.

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